Bangladesh National Budget FY2024-25
Tk 7,97,000 crore budget passed in parliament
The parliament today passed the Tk 7,97,000 crore national budget for the 2024-25 fiscal year with the aim of achieving 6.75 percent GDP growth rate and keeping annual inflation at around six percent
Whitening black money: 3 MPs slam govt for keeping the provision
Two ruling Awami League MPs and a Jatiya Party MP today in parliament criticised the government for keeping the provision of whitening the black money in the proposed budget for 2024-25 fiscal
JS passes over Tk 30,643.51cr supplementary budget for FY24
The parliament today passed the supplementary budget of Tk 30,643.51 crore for the fiscal 2023-24 to meet the increased expenditures under different ministries and divisions for the outgoing fiscal year ending June 30
What can we learn about universal health coverage from global experiences?
Allocation of resources to the health sector and proper utilisation of that allocation are crucial for achieving universal health coverage (UHC)
Govt measures will tame rising inflation
Finance Minister Abul Hassan Mahmood Ali yesterday expressed hope that the government would be able to curb high inflation on the back of budgetary measures and the central bank’s steps.
Tax exemption in FY25 rises to Tk 163,000cr
Tax exemptions provided by the National Board of Revenue (NBR) are estimated to rise to Tk 163,000 crore in fiscal 2024-25 as the tax administration looks to ease the pressure on individuals and facilitate higher economic growth.
No concrete steps to address inflation, low reserves: CPD
The proposed national budget for fiscal 2024-25 lacks concrete measures for addressing the current economic concerns, such as runaway inflation and depleting foreign exchange reserves, the Centre for Policy Dialogue (CPD) said yesterday.
Political parties react to proposed budget
After Finance Minister AH Mahmood Ali presented the proposed FY25 budget in the parliament today, political parties were divided on the subject, some terming it “practical”, while others calling it “unrealistic”, and “a new plan for looting”
Govt to borrow Tk 137,500cr from banks
Of the total deficit financing, Tk 90,700 crore will come from foreign sources while Tk 160,900 crore will come from domestic sources.
EFDs installed in 25,741 establishments till April
More such machines will be installed nationwide in phases
Withdraw provision to legalise black money: TIB
Transparency International Bangladesh (TIB) today expressed shock and disappointment over the “unethical provision” in the newly announced budget that allows the laundering of black money disguised as undisclosed income
Source tax halves on essential food supplies
Proposal has been placed to cut the tax deducted at source to 1% from July
Tk 191cr allocation proposed for ACC
Finance Minister Abul Hassan Mahmood Ali has proposed an allocation of Tk 191 crore for the Anti-Corruption Commission (ACC) in the budget for the upcoming fiscal year 2024-25
Govt servants to come under Universal Pension Scheme
All government officials who will be recruited after July 1 next year will be incorporated in the universal pension scheme
ICT sector hails extension of tax exemption
Extending the tax exemption until 2031 would better support Bangladesh's goal of becoming an upper-middle-income country and enhance the IT sector's capacity in domestic and global markets